PROS & CONS OF MASTER PLANNED COMMUNITIES

By
Real Estate Agent with Urban Nest Realty 176318

PROS & CONS OF MASTER PLANNED COMMUNITIES

The trend for seeking high living standards is again moving like a pendulum but the only difference this time is that the pendulum stops at the center and swings the same way back again. If that logic is difficult to comprehend then let it be put this way. The demand for Master Planned Communities (MPCs) is on the rise with more Americans opting to live in them if they could afford it. Many could afford one as there are many in different price ranges spread all over the United States.

 

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There was a time when other types of homes took center stage but this time around more Americans are opting to pack up their belongings and go live in the midst of luxury, convenience, in good healthier surroundings and above all in a spectacular setting like none found in other traditional homes anywhere around the country. The rise has been in double digit percentages over the preceding years since around the year 2000. There has been a very healthy growth in this sector of real estate development and more developers are joining the fray knowing very well that they are on the path to a lucrative finale.

 

 

Though residents may have to move further away from the center of the urban cities, they still prefer the hassle because they want to live very quiet and contended lives away from the hustle and bustle of urban living. It is a rat race in urban areas today with little time even to breathe in some quality fresh air. Pollution levels are increasing beyond acceptable limits and many are encountering the brunt of everything that is negative in urban living.

Though there are many pros to MPC living, comparing it to a coin it has two sides to it too. One would be the pros that we are thinking more of and the cons which we need to be aware of. It is only when we could quantify the two and weigh them could we find the right answer and appreciate the value of MPC living.

 

The MPC would be managed by an elected committee which is generally referred to as the Home Owner’s Association (HOA) who would overlook every aspect of the project. In fact they would be the successors to the original developer who would have relinquished his rights after the project was completed and all the homes were sold out.

The HOA could be quite strict in the implementation of the various rules and regulations and if you are a person who would not like to be tied down by such rules then MPC living would not be for you.

 

The pros of living in a Master Planned Community

  • Well planned and laid out expansive acreage with paved walkways, concrete driveways, well maintained asphalt roads, street lighting, beautifully laid out greens, flamboyant foliage and more all on a spectacular setting. Some of the MPCs could be compared to a piece of Heaven which would have fallen from above.
  • Golf would be the centerpiece of many recreational activities on offer. The golf links would be generally custom designed by a renowned golfer or golfing designer to bring an ambience to the whole MPC.
  • A swimming pool that would be large enough to accommodate the residents when they all would come on a Sunday morning and kept clean and healthy all through.
  • Other outdoor and indoor sports to cater to every whim and fancy of the guests and it would have the space to enjoy and also the facilities and equipment if you need them.
  • A fully fledged gymnasium would be another standard feature which would give resident the opportunity to flex and trim their muscles and also to keep healthy.
  • A conveniently designed club house would provide opportunities for the residents to interact and enjoy each other’s company.
  • Perimeter security and controlled entry and exit points ensuring that no unauthorized entry is permitted to anyone. In today’s security conscious environment this is an important issue which brings an MPC to a new dimension.
  • Most daily requisites would be close at hand and compared to the size of the development it could even be equated to a mini city with hundreds of homes spread prudently on the sprawling land.
  • The compound would be well maintained and garbage would be collected and responsibly disposed.
  • There would be designated children’s play areas
  • Jogging tracks to ensure the residents have the opportunity to keep healthy
  • There would be a general ambience which would compensate any shortcomings if there would be any.      

 

 

The cons of living in a Master Planned Community

  • The HOA would ensure strict compliance to every rule in the book. This could get on your nerves but there is no respite as they would generally stand by what is written down.
  • You would not even be able to change the color of the exterior of your home because that would come under the purview of the HOA.
  • If there are shopping inside the MPC you may not have a good choice and sometimes things could be more expensive too with minimum selection.
  • Some HOAs may not allow you to park your car on the roadways and would insist that you park within your driveway.
  • Such trivial issues could crop up with the HOA.
  • It would be prudent of you to read all HOA rules before you move in because after you do you would be stuck with the baby and the bathtub.
  • There would also be strict decorum maintained within the compound and for those lively characters it could be a somewhat of a problem.
  • Some MPCs cater to senior citizens more than the others and in such an environment you may need to weigh your options properly before you make a decision.
  • Privacy could be curtailed as it would be closed society, within which it could be quite nosey too.
  • No construction changes would be allowed under any circumstances, hence finding out what they are should hold you in good stead.

   

  

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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Some areas are over killon what you can't do.  Can't even go outside to change your mind

Feb 27, 2019 07:15 PM #1
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William Margita

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